Proposals to improve the efficiency of export support mechanisms in Russia

N. V. Ivina () and K. K. Сhereshneva ()

RSUH/RGGU BULLETIN. Series Economics. Management. Law, 2019, issue 3

Abstract: The technological process and digitalization are changing the structure of the global economy. A gradual shift of industries with the maximum export potential from traditional sectors to a high-tech, knowledge-intensive sphere with a growing share of services is expected. The state needs to formulate a new, industrial and sectoral, pro-export economic policy for the fabrication of the higher processing products, the provision of knowledge-intensive and intellectual services. That will allow expanding the presence of Russian goods in foreign markets. The article analyzed the key sectors that require preemptive investment (the sectors with the greatest potential for increasing exports by 2024) and specified the basic measures of state support. The study identified the key commercial markets for products of those industries. High-tech exports and exports of services should be an alternative to commodity specialization in Russians foreign trade.

Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:aca:journl:y:2019:id:198

DOI: 10.28995/2073-6304-2019-3-55-67

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